Guocheng Mining Co., Ltd. (hereinafter referred to as "the Company" or "Guocheng Mining") and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
I. Overview of Guarantee Situation
On February 10, 2026, and February 27, 2026, the Company held the 49th meeting of the 12th Board of Directors and the second extraordinary general meeting of shareholders in 2026, respectively, to review and approve the proposal on the estimated external guarantee limit for 2026. The Company and its consolidated subsidiaries agreed to provide a total new guarantee limit not exceeding RMB 556 million, with guarantees for subsidiaries with a debt-to-asset ratio of 70% or higher not exceeding RMB 180 million, and for subsidiaries with a debt-to-asset ratio below 70% not exceeding RMB 376 million. The guarantee limits among the Company and its subsidiaries can be adjusted based on actual conditions, provided that the total guarantee limit is not exceeded. When adjustments occur, guarantees for subsidiaries with a debt-to-asset ratio of 70% or higher can only be obtained from other subsidiaries with a debt-to-asset ratio of 70% or higher. The above guarantee limits can be reused, and the final guarantee balance will not exceed the granted guarantee limit. The authorization for the estimated guarantee limit is valid for one year from the date of approval at the second extraordinary general meeting of shareholders in 2026. For specific details, please refer to the announcements disclosed by the Company on February 11, 2026, and February 28, 2026, regarding the estimated external guarantee limit for 2026 (Announcement No. 2026-010) and the resolution of the second extraordinary general meeting of shareholders in 2026 (Announcement No. 2026-013).